Vermont recorded goods exports totaling $2.9 billion in 1995, up 6 percent ($172.1 million) from 1993. During 1995, Vermont was the 31st largest state exporter of goods.
Vermontís jobs supported by goods exports declined an estimated 4 percent (1,343 jobs) since 1993. Export-related jobs pay 13 to 16 percent higher than the national average.
In 1991, the latest year available, Vermontís exports accounted for 20.6 percent of its manufacturing output and represented 18.5 percent of its total manufacturing employment.
Vermontís exports of manufactured products were up by 9 percent between 1993 and 1995 (from $2.6 billion in 1993 to $2.8 billion in 1995).
The five largest manufacturing sectors in terms of Vermontís exports were: Electronic and Electric Equipment ($2.4 billion of exports in 1995), Industrial Machinery and Computers ($140.8 million), Paper Products ($40.0 million), Lumber and Wood Products ($39.8 million), and Miscellaneous Manufacturing Industries ($35.1 million). These five sectors accounted for over 34 percent of the stateís total exports in 1995.
Among Vermont's fastest growing manufactured exports (in millions) were:
|Miscellaneous Manufacturing Industries||$23.8||$35.1||47%|
|Lumber and Wood Products||$33.4||$39.9||19%|
|Electronic and Electric Equipment||$2,063.8||$2,373.3||15%|
Vermont is the countryís 46th largest agricultural exporting state, shipping $9 million in agricultural exports abroad in 1994 (latest year available for Department of Agriculture state export data). Given the 22 percent increase in total U.S. agriculture exports in 1995, agriculture exports from Vermont in 1995 may near $11 million.
Total exports from Vermont to NAFTA countries increased by 8 percent between 1993 (pre-NAFTA) and 1995 (from $2.5 billion in 1993 to $2.7 billion in 1995). During 1995, Canada was Vermontís largest export market, while Mexico was Vermontís fourth largest export market. Exports to Canada were up by 8 percent ($207 million), from $2.5 billion in 1993 to $2.7 billion in 1995. Vermontís exports to Mexico were down by 3 percent ($0.4 million), to $13.9 million in 1995.
During 1995, Japan was Vermontís third largest export market. Total exports from Vermont to Japan were up 47 percent ($13.1 million), from $14.9 million in 1993 to $28.0 million in 1995.
Total exports from Vermont to the European Union were up 0.1 percent ($0.1 million), to $79.1 million in 1995.